The Effects of Information in Contingent Markets for Environmental Goods: A Survey and Some New Evidence

Nick Hanley and Alistair Munro

No 275222, Queen's Institute for Economic Research Discussion Papers from Queen's University - Department of Economics

Abstract: This paper considers the ways in which information can impact contingent valuation estimates of environmental values. The Hoehn/Randall distinction between value formulation and value statement is employed. We distinguish several ways information should be expected to effect true Willingness to Pay, and survey past contingent valuation work in the area. A model of information impacts is used to set up a series of testable hypotheses. These are then tested using data from a contingent valuation survey of the benefits of heathland preservation.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 43
Date: 1992-03
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: The Effects of Information in Contingent Markets for Environmental Goods: A Survey and Some New Evidence (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:queddp:275222

DOI: 10.22004/ag.econ.275222

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